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President: National Investment Commission intends to amend the investment law to overcome the cases

Bama Diva
Bama Diva
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President: National Investment Commission intends to amend the investment law to overcome the cases  Empty President: National Investment Commission intends to amend the investment law to overcome the cases

Post by Bama Diva on Tue 05 Feb 2013, 7:29 am

President: National Investment Commission intends to amend the investment law to overcome the cases of foot-dragging

05-02-2013 | (Voice of Iraq)

Plans to the National Investment Commission amend the investment law encourages international companies to come.

The head of the National Investment Commission Sami al-Araji in the forum investment Iraqi German held at the Rashid Hotel and attended by the Agency (news): Iraq has projects is the largest in the region to attract foreign companies to invest, where it presented before the German companies ten investment sectors.

He explained: that the body presented to the German companies to invest in the banking and financial sector, and that the Iraqi government is working on the development and support of the banking sector in order to keep pace with the investment process in the country.

And stressed: the intention to hold many amendments to the Iraqi Investment Law for the year 2006 to give better opportunities for investors to bypass cases lag encountered by Iraq during the last period, including allowing foreign investors to work leave investment once issued, and the establishment of a national fund for investment to finance large projects.

He continued: as well as to raise the ceiling of customs exemptions on all the projects that are investing, and compel ministries to create land for investment and investor compensation in the event of a problematic about the legal ownership of the land that is investment.

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